LG Chem, the chemicals and battery unit of LG Group, said Wednesday that it has been named a top environment-friendly energy company by a consultative body of energy ministers from 23 countries. The Clean Energy Ministerial, which discusses the development of clean energy sources and their wider adoption, will hold the awarding ceremony of its first Energy Management Leadership Award in San Francisco next month on the sideline of their seventh meeting. The award aims to honor companies for their

LG Electronics said Wednesday its water purifier sales in India soared 50 percent in the first quarter compared to a year ago, but did not reveal specific sales figures. LG entered India’s water purifier market in July 2014 -- the first time for a Korean company to do so -- tapping the nation’s burgeoning middle class who had complained about the poor condition of drinking water. A customer talks with a sales person about LG Electronics’ water purifier at a store in India. (LG Electronics)With i

Fingerprint module maker CrucialTec and smart card firm Kona-I said Wednesday that they have developed a plastic card fitted with a fingerprint module, which the partners said would help beef up the security of financial transactions.The credit card will allow users to directly identify themselves by scanning their fingerprints on the biometric module installed in the 0.84-millimeter plastic card.Fingerprint module maker CrucialTec and smart card firm Kona-I roll out a credit card installed with

Korean Ambassador to Turkey Cho Yoon-su wears Samsung Electronics’ Gear VR headset at the World Humanitarian Summit in Istanbul on Tuesday. The Korean tech giant also signed a memorandum of understanding with the U.N. Population Fund during the two-day summit to offer supersonic medical equipment, worth $150,000, to support Syrian refugees in the country. (Samsung Electronics)

Network operator KT has joined forces with four local companies to grow the sector for connected bicycles, the company said Wednesday.The network firm and its four partners -- bike-maker Alton Sports, credit card firm BC Card, security firm KT Telecop, and insurance firm Dongbu Insurance -- signed a memorandum of understanding for the initiative in Seoul on the day.They will develop a solution that tracks down the locations of the so-called Internet-of-Things bicycles equipped with alarm sensors

Korean FinTech firm Kona I Co. Ltd. said Wednesday that it has rolled out a biometric smart card that features an embedded fingerprint sensor.The new model can identify the user's fingerprint and can be used to allow access to buildings or for other ID card uses in the security sector, the company said. A new biometric smart card by Kona I (Kona I)For instance, a biometric credit card can become active for only 15 to 20 seconds when a card holder taps a finger on a sensor, company officials said

Local translation solution developer aims to take on Google and Apple

Competition to take the lead in standardizing imaging technology in the TV sector intensifies as two groups for different tech standards make all-out marketing efforts to win the race.The HDR technology improves contrast ratio and color accuracy. In layman’s term, it helps TVs generate brightness and darkness better and display more real-life colors.Leading the HDR war are the two tech standards -- HDR10, an open-platform standard adopted by a number of firms including Samsung and Dolby Vision,

Korean display-makers Samsung Display and LG Display will flex their technological muscles at SID’s Display Week 2016, an annual trade show to be held from Tuesday to Thursday, in San Francisco.The display business unit of Samsung Group will showcase a host of futuristic products including organic light-emitting diode displays that can be rolled or folded, OLED displays for virtual reality gadgets and vehicles, and hologram technology. Samsung Display will showcase a rollable display at the SID

Minority shareholders of CJ HelloVision, the nation’s largest cable TV operator, on Monday filed a lawsuit, demanding the company adjust the merger-swap ratio for its planned merger with SK Broadband, the IPTV unit of SK Telecom. A total of 17 shareholders, holding a combined 33,111 shares, sued the company and CEO Kim Jin-seok on Monday. CJ HelloVision CEO Kim Jin-seok (Yonhap)The lawsuit came after the merger plan, including the swap ratio of 0.476123 CJ share for each SK share, was approved b

 

Samsung Electronics plans to announce a new structure of employee titles next month that aims to promote talented workers based on performance regardless of age or years of experience. According to industry sources Sunday, a task force team within the human resource management division has worked on the revision since the company’s announcement of a new corporate vision “Start-up Samsung” in March.  Samsung has maintained a typical structure of five employee ranks that is common at other Korean

Samsung Electronics further widened the gap with runner-up Apple in terms of smartphone sales in the first quarter.According to research firm Gartner, Samsung’s smartphone sales were slightly up at 81.2 million units in the first three months of the year, making it the world’s largest smartphone-maker and earning it 23.2 percent market share. Its archrival Apple sold 51.6 million smartphones, which compared to 60.2 million iPhones sold in the same period a year ago. Its market share was down fro

Animation support center opens on Jejudo Island

Korean chipmakers, hit hard by falling prices and stiffer competition, are struggling to restore profits from their dynamic random access memory chip sales. According to the data compiled by industry tracker DRAMeXchange, Samsung Electronics, the nation’s largest chipmaker, logged $3.97 billion in its first quarter sales, down 16.6 percent from the previous quarter. Sales of SK hynix also fell 19.2 percent to $2.32 billion during the same period. Samsung’s market share remained flat at 46.6 perc